Blog
Kingsley Napley’s Medical Negligence Team ‘walks together’ with the Dame Vera Lynn Children’s Charity
Sharon Burkill
23 July 2015
Annual Report for Financial Conduct Authority (FCA) - international cooperation, market abuse, convictions, senior managers regime, whistleblowing and a historic year for fines
As the Parliamentary recess loomed, government departments and agencies rushed to publish their annual reports and accounts. Alongside the Serious Fraud Office, the Financial Conduct Authority (FCA) has issued its own end of term report.
1 June 2015
Will Court of Appeal ruling force FCA to re-think its use of its name and shame powers?
A recent ruling at the Court of Appeal may affect the way in which the Financial Conduct Authority (FCA) publishes enforcement notices referring to third parties.
Section 393 of the Financial Services and Markets Act 2000 (“FSMA”) gives third parties certain rights in relation to notices given to another person in respect of whom regulatory action is being taken. It requires that a person prejudicially identified in such a notice be given a copy of the notice and the opportunity to make representations upon it.
29 April 2015
Deutsche Bank £227m fine highlights the risks of signing attestations - for individuals and financial institutions
The Final notice published on 23 April 2015 contained many twists and turns to distinguish why Deutsche Bank has been subject to the highest fine ever issued by the Financial Conduct Authority (FCA) or its predecessor (the Financial Services Authority (FSA)). The £227million fine in the UK is part of a $2.5 billion penalty to settle the case globally. In addition the settlement included an agreement to dismiss seven employees.
27 March 2015
FCA targets financial crime in new business plan
The FCA has published its 2015/16 business plan, a weighty document setting out its strategy and priorities for the next 12 months...
6 March 2015
The DOJ and CFTC dig deeper in precious metals market investigation
It has recently been reported that 10 Banks are under investigation by the US Justice Department (“DOJ”) and CFTC for irregularities and potential price fixing in the precious metals market, comprising the gold, silver, platinum and palladium markets. The London Gold Fix, an almost century old benchmark, fixed twice a day by 4 banks in London first came under the microscope in 2012 following investigations into the Libor and FX market manipulation scandals.
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